tag:blogger.com,1999:blog-3426800777521979578.post2329773265527809002..comments2024-02-20T19:58:27.733-06:00Comments on Jake's Wisconsin Funhouse: OOPS! House GOP tax cut costs too much, can't pass in current formUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3426800777521979578.post-50518464757206709682017-11-10T17:22:52.685-06:002017-11-10T17:22:52.685-06:00All on the money. Reduced benefits and less indexi...All on the money. Reduced benefits and less indexing due to chained CPI will definitely not help the average American. And in an economy that is 70% consumption, it will prevent the "dynamic growth" that GOPs are counting on to keep the deficit from exploding. <br /><br /> Your last paragraph is the most salient- we're all having stuff taken from us to feed the fat cats. We gotta come together and recognize it, and remove anyone who wants to continue the destructive trend of growing inequality. Jake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-87644133691830571422017-11-10T08:45:50.168-06:002017-11-10T08:45:50.168-06:00Working this through - I'm reaching a bit.
To...Working this through - I'm reaching a bit.<br /><br />To pull out and tease a small item from your piece - chained CPI cooks regression into the formula. Household costs aren't going up as quickly as they might because people's lives are getting incrementally more parsimonious every year.<br /><br />It sets a declining standard of living as the baseline. (?)<br /><br />The backside effect being less consumer spending, lower demand, fewer jobs, and a justification for further wage suppression - all in the name of putting bigger numbers into fat cats' portfolios. Institutionalized regressive economics.<br /><br />I don't have a problem with people making a buck. No problem with people getting rich. But at some point, the concentration of wealth on one side and accumulated misery on the other becomes detrimental to social order.<br /><br />I guess as long as the country mice and the city mice never figure out they're all mice in this formula, there's no real danger for the cats.Jeffhttps://www.blogger.com/profile/02427829158996224733noreply@blogger.com